RBI Update – Large Exposures Framework – Amendment in the list of exempted exposures. (Applicable- All Scheduled Commercial Banks (Excluding Regional Rural Banks)

Large Exposures Framework’ (LEF) in terms of which “deposits maintained with NABARD on account of shortfall in achievement of targets for priority sector lending” are excluded from being considered for exposure limits under LEF.

It is advised that, in addition to NABARD, the above exemption shall also be applicable to contributions made by the scheduled commercial banks to funds with NHB, SIDBI, MUDRA Ltd., or any other entity specified by the RBI, on account of a shortfall in the achievement of targets for priority sector lending.

Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12861&Mode=0